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Belgium Consumer Confidence February 2022

Belgium: Consumer confidence rebounds in February

The consumer confidence indicator produced by the National Bank of Belgium (NBB) came in at plus 1.0 in February, following January’s minus 2.0 result. As such, February’s result swung into positive negative territory and above the 0-threshold that separates optimism from pessimism among consumers.

Households’ views on the economic situation in the country for the next 12 months improved in February, although it remained relatively downbeat. Meanwhile, their views on their future financial situation and their expectations of unemployment in the country deteriorated over the previous month. Moreover, households’ intentions to save rose for the first time in eight months, due to concerns around rising inflation.

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